In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Bgc Partners Inc. (NASDAQ:BGCP) reported that Cantor Fitzgerald, L. P. has picked up 100,067,868 of common stock as of 2016-12-23.
The acquisition brings the aggregate amount owned by Cantor Fitzgerald, L. P. to a total of 100,067,868 representing a 30.3 % stake in the company.
For those not familiar with the company, BGC Partners, Inc. (BGC) is a global brokerage company servicing the financial and real estate markets. The Company operates through two segments: Financial Services and Real Estate Services. The Company provides a range of services, including trade execution, broker-dealer services, clearing, processing, information, and other back-office services to a range of financial and non-financial institutions. Its integrated platform is designed to provide flexibility to customers with regard to price discovery, execution and processing of transactions, and enables them to use voice, hybrid, or in various markets, electronic brokerage services in connection with transactions executed either over-the-counter or through an exchange.
A glance at Bgc Partners Inc. (NASDAQ:BGCP)’s key stats reveals a current market capitalization of 2.86 billion based on 243.31 million shares outstanding and a price at last close of $10.28 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-07-07, Dalton picked up 2,500 at a purchase price of $7.45. This brings their total holding to 117,275 as of the date of the filing.
On the sell side, the most recent transaction saw Curwood unload 4,000 shares at a sale price of $9.16. This brings their total holding to 20,016. .
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Bgc Partners Inc. (NASDAQ:BGCP) as things move forward to see if its progress aligns with these transactions.
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